"I view Bitcoin as the best, most decentralized money layer," says Muneeb Ali. He claims that 1% of all Bitcoin in circulation is now issued as wrapped Bitcoin (wBTC) on Ether, indicating that there is interest in using Bitcoin in smart contracts. The goal of Stacks team is to make it easier for Bitcoiners to lend, borrow, and swap assets on decentralised protocols without having to convert their Bitcoin into tBTC or wBTC and deposit it on Ethereum.